Triple Flag Precious Metals Corp. $TFPM Shares Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its holdings in Triple Flag Precious Metals Corp by 95.1%, acquiring 22,486 additional shares and raising its total ownership to 46,136 shares valued at approximately $884,000.
• Triple Flag Precious Metals disclosed a quarterly dividend of $0.0575 per share, an increase from the previous dividend of $0.06, representing an annual yield of 0.9%.
• Analysts have assigned an average rating of "Moderate Buy" for TFPM, with a price target increase to $24.00, reflecting confidence in the company's performance and its recent earnings that surpassed estimates.

Vident Advisory LLC increased its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 95.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,136 shares of the company's stock after purchasing an additional 22,486 shares during the period. Vident Advisory LLC's holdings in Triple Flag Precious Metals were worth $884,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pale Fire Capital SE acquired a new stake in Triple Flag Precious Metals in the 1st quarter worth about $278,000. Jump Financial LLC purchased a new position in shares of Triple Flag Precious Metals during the 1st quarter worth about $435,000. SVB Wealth LLC acquired a new stake in shares of Triple Flag Precious Metals in the first quarter worth approximately $34,000. 1832 Asset Management L.P. grew its holdings in Triple Flag Precious Metals by 4.4% in the first quarter. 1832 Asset Management L.P. now owns 58,207 shares of the company's stock valued at $1,115,000 after purchasing an additional 2,469 shares during the period. Finally, Quantbot Technologies LP increased its position in Triple Flag Precious Metals by 1,258.9% during the first quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock worth $180,000 after purchasing an additional 8,699 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Raymond James Financial reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. BMO Capital Markets downgraded Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada upped their price target on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Finally, CIBC reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Price Performance

NYSE TFPM traded down $0.36 during trading hours on Wednesday, hitting $28.23. The company had a trading volume of 501,320 shares, compared to its average volume of 664,337. Triple Flag Precious Metals Corp. has a fifty-two week low of $14.51 and a fifty-two week high of $29.25. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 1.26 and a beta of -0.19. The firm's 50 day moving average is $25.20 and its 200 day moving average is $22.39.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%.The company had revenue of $94.09 million for the quarter, compared to analysts' expectations of $82.76 million. On average, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.0575 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.06. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 26.74%.

Triple Flag Precious Metals Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.